11:33 AM EDT, 09/19/2025 (MT Newswires) -- Lennar ( LEN ) posted fiscal Q3 earnings that beat Wall Street expectations on "mark-to-market" gains from its technology investments, Wedbush said in a report Friday.

Late Thursday, Lennar ( LEN ) reported GAAP EPS of $2.29 for the quarter, exceeding Wedbush's estimate of $2.10. The results included a $0.29 per-share gain tied to its tech holdings that was not factored into estimates, the report said.

The note also pointed to the home builder's comments about moderating volume and allowing the market to catch up that could be perceived as good news for the bulls on Lennar ( LEN ).

"Lennar's ( LEN ) volume over price strategy has been hurting industry gross margins for more than 3 years so if this is a real change in tactics, it could be good news for housing," the report said.

Wedbush kept its neutral rating with a price target of $130.

Price: 130.45, Change: -2.43, Percent Change: -1.83